Apple’s real estate team is scouting out possible retail store sites along a section of Queen Street in Auckland (New Zealand), according to the local Herald newspaper. The section of Queen Street nearest the city’s harbor is starting to go upscale, as international brands such as Gucci and Louis Vuitton locate there. A local real estate director says these early stores could create a “domino effect,” bringing other retailers, such as Prada, Chanel and Tiffany into the area. Although the country has a generally stable economy, first-half 2008 growth-rate figures declined, raising fears of a recession. More recent worldwide economic trends create some uncertainty about whether Apple will act on any available spaces in the near-term.
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